The Brazilian trade balance was at a surplus of US$ 17.28bn until the 3rd week of April

Up to the 3rd week of April, the Brazilian trade balance had registered a surplus of US$ 17.28 billion, with a growth of 7.7% over the period from January to April of last year in the daily average. The trade flow (sum of exports and imports) rose 22.6%, reaching US$ 158.41 billion, with US$ 87.85 billion in exports (+20.9%) and US$ 70.57 billion in imports (+24.7%).

According to data released this Monday (18/04) by the Ministry of Economy’s Foreign Trade Secretariat (Secex), the surplus registered in the month was US$ 5.48 billion, up 10.1% over April 2021. The trade flow increased 21.7%, reaching US$ 25.65 billion. Exports in April, up to the third week, totaled US$ 15.56 billion, up 19.5%, and imports grew 25.3% and totaled US$ 10.08 billion.

In the 3rd week of April alone, the trade balance was positive at US$ 1.93 billion, with US$ 6.590 billion in exports and US$ 4.657 billion in imports, generating a trade flow of US$ 11.247 billion.

Exports in the month

As for the month’s aggregate figures, agricultural exports dropped 2.8%, reaching US$ 3.74 billion. On the other hand, the sales from the extractive industry grew (+12.5%), reaching US$ 3.74 billion. The manufacturing industry reached US$ 8.01 billion, up 38.6%, by the daily average, over April 2021.

Despite the decline in total value in agriculture, exports of unmilled wheat and rye grew (+529,913.7%). Meanwhile, other results were: unground corn, except sweet corn (+381.1%), and unroasted coffee (+42.5%).

The extractive industry expanded exports, mostly of other raw minerals (+24.3%); nickel ores and their concentrates (+289.3%); and crude petroleum or bituminous mineral oils, crude (+68.7%).

The processing industry sold more fresh, chilled or frozen beef (+85%); poultry meat and its edible offal, fresh, chilled, or frozen (+58.7%); and fuel oils from petroleum or bituminous minerals, except crude oils (+112.6%).

Imports in the month

On the import side, Secex registered an increase of 25.4% in agriculture, which totaled US$ 240 million. The extractive industry, on the other hand, decreased purchases by 8%, reaching US$ 435.48 million, while the manufacturing industry totaled US$ 9.32 billion, an increase of 28.4% over the same month last year.

In agriculture, the highlights in imports were either live or dead chilled whole fish (+45.9%); unground corn, except sweet corn (+300.3%); and soy (+175.5%).

For the extractive industry, although the total value has fallen, purchases of other ores and concentrates of base metals increased (+25.8%); coal, whether or not in powder form but not agglomerated (+34.1%); and natural gas, liquefied or not (+72.6%).

The increase in imports from the manufacturing industry was driven by petroleum fuel oils or bituminous minerals, except for crude oils (+65%); organo-inorganic compounds, heterocyclic compounds, nucleic acids, and their salts, and sulfonamides (+65.3%); in addition to chemical fertilizers or fertilizers, except natural fertilizers (+225.5%).

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